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Essar Shipping reports standalone net loss of Rs 70.60 crore in the March 2021 quarter

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Capital Market

Sales decline 50.36% to Rs 33.88 crore

Net Loss of Essar Shipping reported to Rs 70.60 crore in the quarter ended March 2021 as against net loss of Rs 2862.63 crore during the previous quarter ended March 2020. Sales declined 50.36% to Rs 33.88 crore in the quarter ended March 2021 as against Rs 68.25 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 297.89 crore in the year ended March 2021 as against net loss of Rs 2953.44 crore during the previous year ended March 2020. Sales declined 69.00% to Rs 166.94 crore in the year ended March 2021 as against Rs 538.47 crore during the previous year ended March 2020.

 
ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales33.8868.25 -50 166.94538.47 -69 OPM %-3.60-3.81 -10.5925.03 - PBDT-41.07-54.98 25 -185.53-62.56 -197 PBT-70.44-83.00 15 -298.06-172.91 -72 NP-70.60-2862.63 98 -297.89-2953.44 90

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First Published: Jun 25 2021 | 7:53 AM IST

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